NEW YORK ( TheStreet) -- Welcome to Don Dion's "ETF Winners and Losers." Be sure to stop by during the week to find out which ETFs are gaining or losing.
WisdomTree India Earnings Portfolio ( EPI) 4.2% Moody's helped set the stage for gains across India-linked ETFs with the announcement that it had upgraded the nation's rating. While EPI is leading the march higher, other funds including the iShares S&P Nifty 50 Index Fund ( INDY) are following suit. Low trading volume leaves it susceptible to liquidity-related issues, but the Market Vectors India Small Cap Index ETF ( SCIF) is seeing impressive gains as well. This upward action is welcomed; for months, India's marketplace has struggled to gain footing. Despite their ascension, conservative investors should continue to use extreme caution here. iShares Silver Trust ( SLV) 3.4% As the U.S. indices power higher, investors are regaining an appetite for risk. In response, market-correlated members of the precious metals spectrum are seeing stand out gains. SLV's rise has pushed it above the levels seen following its steep, mid-December sell off. Looking ahead, it will be interesting to see if the fund can regain additional ground. Gold is pushing higher as well. Thanks to its jump, iShares Gold Trust ( IAU) has managed to recapture its 200-day moving average. Global X China Consumer ETF ( CHIQ) 3.2% This morning, I turned the spotlight on the EGShares Emerging Market Consumer ETF ( ECON), highlighting it as an attractive way to tap into the blossoming middle classes of developing nations. While effective for conservative investors looking to cast a wide net, a fund like CHIQ allows individuals to gain concentrated exposure to China's domestic consumer. Tuesday's strength has pushed CHIQ through its 50-day moving average for the first time since early December. Global X Copper Miners ETF ( COPX) 2.9% Natural resource and materials producers are boding well in this risk-on environment. This, in turn, is helping to propel funds like COPX, Market Vectors Steel ETF ( SLX) and Market Vectors Coal ETF ( KOL) to welcomed gains. Growth-linked sectors will continue to do well as market optimism prevails. Despite this upward action, however, investors should continue to maintain exposure to safe havens.